“Market Cap $7.86 B As of May 2013
At a Glance
- Industry: Aerospace & Defense
- Founded: 1993
- Country: United States
- CEO: W Nicholas Howley
- Website: www.transdigm.com
- Employees: 5,400
- Sales: $1.78 B
- Headquarters: Cleveland, Ohio
#1914 Global 2000
- #1523 in Profit
- #1230 in Market value
TransDigm Group Incorporated (TD Group) is a global designer, producer and supplier of aircraft components for use on commercial and military aircraft in service. Once its parts are designed into and sold on a new aircraft, it generates sales from aftermarket consumption over the life of that aircraft. On December 6, 2010, the Company’s wholly owned subsidiary, TransDigm Inc., completed the acquisition of McKechnie Aerospace Holdings Inc. On December 31, 2010, the Company acquired the actuation business of Telair International, Inc. On March 9, 2011, the Company divested its fastener business. On April 7, 2011, the Company completed the divestiture of Aero Quality Sales (AQS) to Satair A/S. On August 31, 2011, the Company acquired Schneller Holdings LLC. In February 2012, the Company acquired AmSafe Global Holdings, Inc. In September 2012, it acquired Aero-Instruments Co., LLC.”
“TransDigm Group History
Transdigm Incorporated was established in 1993 by W. Nicholas Howley and Douglas W. Peacock after acquiring Adel Fasteners, Aero Products Component Services, Controlex Corporation and Wiggins Connectors from IMO Industries.
Four years later, in 1997, the company purchased Marathon Power Technologies.
Acquisition of Transdigm Incorporated by Odyssey Investment Partners
The next year, Transdigm Incorporated was acquired by Odyssey Investment Partners.
Then, during the final two years of the century, the company added to its list of acquisitions with Adams Rite Aerospace and Christie Electric.
In May 2001, Transdigm Incorporated procured Champion Aviation Products, a supplier of igniters, spark plugs and oil filters fromFederal-Mogul Corporation for approximately $160 million. It was at this time that Nicholas Howley took over the position of Chief Executive Officer from Douglas Peacock as Peacock transferred into his role as Chairman of the Board.
Formation of Transdigm Group Incorporated
Then, in 2004, Transdigm Group procured Avionic Instruments of Avenel, New Jersey, a supplier of specialized power conversiondevices for aerospace products.In 2003, Transdigm Group Incorporated was formed by Warburg Pincus Private Equity VIII to acquire Transdigm Incorporated. This transaction materialized shortly after TransTechnology Corporation sold Norco, Inc. to Marathon Power Technologies.
The following year, Transdigm Group purchased Skurka Engineering of Camarillo, California, a manufacturer and distributor ofelectromagnetic equipment as well as the Fluid Regulators division of Esterline Technologies, who manufactures flight control valves and pressure valves.
In June 2006, the company then procured both Sweeney Engineering and Electra-Motion Industries for a grand total of $27 million, along with CDA InterCorp in October of that year for an additional $45 million. Three months later, Aviation Technologies, a producer of avionics and instruments, became a part of the TransDigm family followed by Bruce Industries, a producer of fluorescent aircraft lighting, in August 2007.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “orthdk“